MIN 1.20% $35.37 mineral resources limited

NWE Refugees, page-427

  1. 447 Posts.
    lightbulb Created with Sketch. 288
    It's quite difficult keeping tabs on the progress being made by MIN in the Perth Basin.

    - Lockyer Deep 1 - Mar '22 - success
    - Lockyer 2 - April 23 - FAILED
    - North Erregulla Deep 1 - May 23 - success
    - Lockyer 4 - Drilled now - FAILED??
    - Lockyer 5 - Q1'24

    So is that a 50% strike/success rate?
    Was there a Lockyer 3?

    Could this be a looming problem for WA Govt, if the MIN success rate finding gas in the PB is a 50:50 chance and therefore a further supply crunch to AEMO forecasts?
 
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